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Question 6 of 8 - / 12.5 View...

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Accounting

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Question 6 of 8 - / 12.5 View Policies Current Attempt in Progress Sheridan Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1 2 3 Purchased a 1-year insurance policy on June 1 for $1,500 cash. Paid $5.460 on August 31 for 5 months' rent in advance. On September 4, received $3,060 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school. Signed a contract for cleaning services starting December 1 for $840 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) On December 5, received $1,260 in advance from a gaming club. Determined that on December 31, $400 of these games had not yet been played 4 5. (a) For each of the above transactions, prepare the journal entry to record the initial transaction. (If no entry is required, select "No Entry* for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) estion 6 of 8 - / 12.5 = No. Date Account Titles and Explanation Debit Cre 1 2. 2 3. 4 . 5

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